State Data » Florida

Major pension plans in the state

Plan Name Assets (millions) Participants Funded Ratio Percent of ARC Paid Retirement System that Administers the Plan
Florida RS 161,196.9 1,072,376 83.9 100.0 Florida Retirement System
Jacksonville ERS 2,085.1 9,595 63.2 101.2 Jacksonville General Employee Pension Plan
Miami Fire and Police 1,566.7 4,216 65.3 100.0 City of Miami Firefighters and Police Officers Retirement Trust

Source: Public Plans Database (as of 2018)

Public Cost

Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2017

Fiscal Year FL US
2001 3.3 2.9
2002 2.7 3.0
2003 2.8 3.4
2004 2.6 4.2
2005 2.9 3.8
2006 2.8 3.7
2007 3.2 3.9
2008 3.3 4.2
2009 3.6 4.4
2010 3.9 4.6
2011 4.3 4.9
2012 2.6 5.0
2013 2.8 5.2
2014 3.9 5.6
2015 3.6 5.8
2016 3.5 6.1
2017 3.2 6.0

Source: Public Plans Database and Census of Governments.